Life Insurance- Return on Premium (ROP)

[Josh Koett]

Hello BP Community,  

I took out a 30 Year Term, $100,000  policy with AAA Life Insurance.  Right now I'm paying $36 a month. Presently I'm single, no kids and took out this policy at 31 years old and I've had it for a couple years.  I thought getting  life insurance now would be cheaper instead of waiting until I'm older with a family. But the downside with my policy is losing my premium every month. ----  Recently, my agent told me about Return on Premium (ROP).  My policy would be the same except my monthly premium would increase to $56 a month, and I would get back all the money I put in at the end of 30 years which is about $20,000. --- Meanwhile, I've been thinking it over and my agent now is recommending 200,000 Death benefit  Universal Life which would be a whopping $100 a month.  After listening to Dave Ramsey, I think I will stay away from Universal Life and invest the rest in real estate.   But, should I upgrade my account to Return on Premium for the 30 Year Term policy since I'll be getting it back if I make it to my 60's.  I think without ROP all that money is lost.  Any suggestions would be helpful.  Thank you.